UTI Asset Management Company

Profit after tax stood at Rs 1,489 million (US$ 23.84 million) in FY13

UTI Asset Management Company

Established in 2003, UTI Asset Management Co (UTI AMC), was appointed by UTI Trustee Co Pvt Ltd for managing the schemes of UTI Mutual Fund and the schemes transferred/ migrated from the erstwhile Unit Trust of India. The various divisions of the company include Domestic mutual funds, Portfolio Management Services, Venture Capital and Private Equity Funds.

The company has a well-qualified, professional fund management team, which has been fully empowered to manage funds with greater efficiency and accountability in the sole interest of the unit holders. The fund managers are ably supported by a strong in-house securities research department. To ensure investors' interests, a risk management department is also in operation.

UTI AMC has been promoted by four sponsors, namely, State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank and each of them hold 25 per cent of the paid up capital of UTI AMC.

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